New Home Prices Rise in Wheeling According to Recent Data, Sales Steady
Posted on: Feb 11, 2014 07:41:07 AM
New home closings in the Wheeling, WV market stayed the same year-over-year in October, staying relatively stable after having decreased year-over-year in September. Closings remained level at 2 from a year earlier after the figure moved from 2 in September 2012 to none in September 2013.
New home closings were 2 out of the 107 total closings, same on a percentage basis as a year earlier. After rising year-over-year in September, closings of new and existing homes slid year-over-year in October.
Pricing and Mortgage Trends
The average price of new homes was $82,000, an increase from $62,700 a year earlier. This was on the heels of a.
Average mortgage size on new homes increased to $69,700 from $60,466 last year.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in October 2013.